Pakistan, Afghanistan border closure extends into second day after deadly clashes
Peshawar (AP): The closure of border crossings for bilateral trade between Afghanistan and Pakistan entered a second day Monday after deadly weekend clashes between the countries spiked tensions and left hundreds of people stranded, officials said.
The fighting began Saturday night, when Afghan forces struck multiple Pakistani military posts. Afghanistan officials claimed to have killed 58 Pakistani soldiers in response to what they said were repeated violations of Afghan territory and airspace.
Pakistan's military gave lower figures, saying it lost 23 soldiers and killed more than 200 “Taliban and affiliated terrorists” during retaliatory fire along the border. Foreign governments, including Saudi Arabia, urged restraint. A ceasefire appeared to be holding.
Pakistan's Defence Minister Khawaja Mohammad Asif, the country's powerful army chief Field Marshal Asim Munir, and other officials attended a mass funeral for the killed soldiers in the garrison city of Rawalpindi on Monday, according to a military statement.
Asif said the people of Pakistan were "indebted to the ultimate sacrifice of these heroes who laid down their lives while defending the territorial integrity of Pakistan against the cowardly and treacherous aggression of the Taliban regime and Indian sponsored terrorist proxies operating from inside Afghan soil,” according to the statement.
The statement also quoted him as saying that the “armed forces of Pakistan remain resolute to thwart any aggression and conspiracy against Pakistan with full support of the nation."
Authorities said no new exchange of fire had been reported since Sunday along the 2,611-kilometre long border known as the Durand Line, which Afghanistan has never recognised.
In Afghanistan, Abidullah Uqab, a spokesperson for the border police, confirmed that all the border crossings with Pakistan remained shut for trade and movement of people on Monday.
It was not clear when the border might reopen.
Though the southwestern Chaman border crossing was closed for trade, authorities briefly allowed about 1,500 Afghan nationals stranded there since Sunday to return home on foot, government officer Imtiaz Ali said.
A key northwestern crossing in Torkham, Pakistan, remained closed Monday to all travel and trade. The closure was confirmed by Mujib Ullah, a representative for local traders.
Afghan refugees, including many who were waiting to leave Pakistan because of a crackdown on foreigners living in the country illegally, said they had been waiting at the Torkham crossing since Sunday.
Gul Rahman, a refugee, said he waited through Sunday at Torkham before returning with his family to the northwestern city of Peshawar.
“Hundreds of others people like me have moved to nearby areas or coming back to Peshawar,” he said, adding that he will wait there for Torkham to reopen.
Tensions have been high since last week when Afghanistan's Taliban government accused Pakistan of carrying out airstrikes in the Afghan capital Kabul and in a market in eastern Afghanistan. Pakistan did not claim responsibility.
Pakistan's government in Islamabad has previously launched strikes inside Afghanistan targeting what it says are militant hideouts. The countries have skirmished along the border in the past, but the latest fighting has been the deadliest so far and underscored their deepening hostility.
Pakistan has long accused Kabul of sheltering members of the banned Pakistani Taliban, known as Tehreek-i-Taliban Pakistan, or TTP, which Islamabad blames for deadly attacks inside the country. Kabul denies the allegation, saying it does not allow its territory to be used against other nations.
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Sensex, Nifty tumble as Budget proposes to raise Securities Transaction Tax to 0.05 pc on commodity
Mumbai (PTI): Stock market benchmark indices Sensex and Nifty tumbled on Sunday afternoon trade after the Budget proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent.
The government will tax buyback proceeds for all types of shareholders as capital gains, Finance Minister Nirmala Sitharaman said on Sunday.
After fluctuating in early trade, the 30-share BSE Sensex later bounced back but pared all gains amid the Budget presentation.
It later plunged 2,370.36 points, or 2.88 per cent, to slip below the 80,000-mark to 79,899.42 during the afternoon trade. The 50-share NSE Nifty tanked 748.9 points, or 2.95 per cent, to 24,571.75.
From the 30 Sensex firms, Bharat Electronics tanked 6.50 per cent. State Bank of India, HCL Tech, Tata Steel, Asian Paints, and Eternal were also among the laggards.
Sun Pharma, Sun Pharma, Kotak Mahindra Bank, and Tata Consultancy Services were the gainers.
"The increase in Securities Transaction Tax (STT), especially in futures and options, is likely to act as a marginal negative for foreign portfolio investor (FPI) flows in the near term, particularly for high-frequency and derivative-focused global funds," Aakash Shah, Technical Research Analyst at Choice Equity Broking, said.
Foreign institutional investors bought equities worth Rs 2,251.37 crore on Friday, according to exchange data.
Asian markets are closed on Sunday due to holidays. US markets ended lower on Friday.
On Friday, the Sensex declined 296.59 points, or 0.36 per cent, to settle at 82,269.78. The Nifty dropped 98.25 points, or 0.39 per cent, to end at 25,320.65.
